Great, now it is much more clear 🙂 Everything should exist in this MySQL version because it is the latest.
So after testing bunch of combinations it turned out it was due to COMPRESSION=’none’ statement.
If you exclude it from create statement:

You can puzzle it + can make a list of combinations to find the exact problem as me.
But it seems to be a bug – I can use encryption=’N’ but can not use compression=’none’?
Reported as -> https://bugs.mysql.com/bug.php?id=90040